Zardiw
2週前
I guess there's some ways to pull O2/H2 from water....I asked Ai:
**LOW-TEMPERATURE METHODS**
1. **Electrolysis (Room Temp to ~80°C)**
- **How it works:** Apply an electric current to water, splitting it into hydrogen and oxygen gas.
- **Equation:**
2H_2O ? 2H_2 + O_2
- **Efficiency Boosters:**
- Add an electrolyte (e.g., KOH, NaOH, or H2SO4) to improve conductivity.
- Use PEM (Proton Exchange Membrane) or alkaline electrolyzers for efficiency.
- **Pros:** Clean, controllable, and widely used in hydrogen fuel tech.
- **Cons:** Requires electricity, which may not be efficient unless using renewable energy.
2. **Chemical Reactions (Cold or Room Temp)**
- **Hydrogen Peroxide Decomposition:**
2H_2O_2 ? 2H_2O + O_2
- Uses a catalyst like manganese dioxide (MnO2) to generate oxygen.
- **Metal-Water Reactions (for H2 Production):**
- Certain metals (e.g., aluminum with gallium, sodium, magnesium) react with water at room temp, releasing hydrogen:
2Al + 6H_2O ? 2Al(OH)_3 + 3H_2
- Gallium prevents oxidation layers on aluminum, making the reaction efficient.
---
**HIGH-TEMPERATURE METHODS**
1. **Thermal Decomposition (~2500°C)**
- Water can be split into H2 and O2 at extreme temperatures.
- 2H_2O ? 2H_2 + O_2
- **How?**
- Requires extreme heat from **solar concentrators, plasma arcs, or nuclear reactors**.
- Used in **solar thermochemical water splitting cycles**.
2. **Thermochemical Cycles (~500-1200°C)**
- Use intermediate reactions to lower the energy required for water splitting.
- **Sulfur-Iodine Cycle (S-I Cycle):**
- **Step 1:** Iodine + sulfuric acid + water ? hydrogen iodide (HI) + sulfuric acid.
- **Step 2:** Decompose HI at ~350°C to get H2.
- **Step 3:** Decompose sulfuric acid at ~800°C to get O2.
- **Overall Effect:** Water ? H2 + O2, with recyclable chemicals.
- Used in **nuclear hydrogen production**.
3. **Steam Reforming of Hydrocarbons (~700-1000°C)**
- Not strictly splitting water, but reacts H2O with methane or other hydrocarbons.
- **Reaction:**
CH_4 + H_2O ? CO + 3H_2
- **Used for:** Industrial hydrogen production.
---
**WHICH METHOD TO CHOOSE?**
- **Low temp (Electrolysis):** Good for small-scale, clean hydrogen production if you have electricity.
- **Low temp (Chemical Reactions):** Good if you want immediate oxygen or hydrogen without electricity.
- **High temp (Thermal/Thermochemical):** Ideal for large-scale, industrial hydrogen production using concentrated solar or nuclear heat.
What’s your use case? Are you thinking **fuel production**, **oxygen extraction in space**, or something else?
delerious1
2週前
NewHydrogen Files Patent for Its Breakthrough Technology
NEWH
The company’s ThermoLoop technology relies on a paradigm shift to use inexpensive heat and water to potentially produce the world’s cheapest green hydrogen
SANTA CLARITA, Calif., March 11, 2025 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS: NEWH), the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, announced today that it has jointly filed a patent application in the United States with the University of California, Santa Barbara (“UCSB”) for its innovative hydrogen production process.
The patent, titled “Coupled Multi-Phase Oxidation-Reduction for Production of Chemicals,” introduces a novel thermochemical method for splitting water into hydrogen and oxygen without relying on expensive electrolyzers. This proprietary process utilizes advanced solid-state materials and machine learning-driven material discovery to optimize efficiency and cost-effectiveness.
“Our latest innovation represents a major leap forward in hydrogen production,” said Steve Hill, CEO of NewHydrogen. “By leveraging a multi-phase oxidation-reduction cycle, we can generate hydrogen at lower temperatures and greater efficiency than conventional methods. This breakthrough moves us closer to making green hydrogen economically viable at scale that will help bring to pass what Goldman Sachs estimates to be a $12 trillion market opportunity.”
NewHydrogen’s technology is designed to overcome the limitations of electrolysis by using regenerable reactive solids to separate oxidation and reduction reactions, mimicking the efficiency of electrochemical processes without the high cost. The process has wide-ranging implications for industries seeking sustainable hydrogen solutions, from energy storage and transportation to industrial applications.
The patent filing marks a significant milestone in NewHydrogen’s collaboration with leading researchers at UC Santa Barbara, who are at the forefront of advancing materials science for hydrogen production.
To watch a short explainer video about ThermoLoop™ or to learn more about NewHydrogen’s mission to produce the world’s cheapest green hydrogen, visit NewHydrogen.com.
About NewHydrogen, Inc.
NewHydrogen is developing ThermoLoop™ – a breakthrough technology that uses water and heat rather than electricity to produce the world’s lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can’t live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource.
Currently, the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity, and fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion.
delerious1
1月前
Up 133 % today...NewHydrogen Reveals Secret to Its Breakthrough Technology
NEWH | 2 days ago
The Company’s ThermoLoop technology relies on a paradigm shift to use inexpensive heat and water to kill electrolyzers and make the world’s cheapest green hydrogen
SANTA CLARITA, Calif., Feb. 17, 2025 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today revealed the secret behind its paradigm shift.
“We believe ThermoLoop will be a game changer compared to conventional low performance electrolyzer technology,” said NewHydrogen CEO Steve Hill. “ThermoLoop can be configured as a drop-in replacement for electrolyzers, making them obsolete. Simply put, we believe that ThermoLoop will be an electrolyzer killer.”
Mr. Hill continued, “Using heat, rather than electricity, is simply a better way to split water to make green hydrogen. Heat is cheap. It can be found everywhere, including concentrated solar, nuclear reactors, and waste heat from industrial plants, such as oil refineries and cement and steel manufacturing plants. Heat based systems are more scalable and have the potential to be cheaper than electrolyzer systems.”
The Challenge
Scientists have struggled for decades in search of an efficient way to use heat to split water. Why? Because the biggest challenge in building a heat system is the temperature mismatch between the different chemical reactions in the process. One reaction extracts hydrogen from water, which usually occurs at a low temperature. Another reaction extracts oxygen from water, which usually occurs at a high temperature. While the system is heating up or cooling down, hydrogen is not being produced and excess energy is wasted. This is incredibly inefficient.
The Breakthrough – ThermoLoop
NewHydrogen is inventing a better way to use heat to split water that allows all reactions to occur at nearly the same temperature. These reactions are called near isothermal reactions. The process is called thermochemical water-splitting.
To achieve this “holy grail” of near isothermal reactions, NewHydrogen is developing novel materials and chemical reactions from the ground up. Therefore, when the first reaction temperature is close to the second reaction temperature, system downtime is minimized. ThermoLoop only needs to heat a little bit and cool a little bit and hydrogen production “loops” continuously. This is a very efficient solution.
How do we find this novel material? Using state-of-the-art artificial intelligence and machine learning tools, we search the periodic table and play jig saw puzzle with many different elements to arrive at a novel material with just the right “goldilocks” attributes to enable scalable isothermal reactions.
The Secret
We designed a set of novel chemical reactions using a new paradigm that exploits the phase change properties of our Novel Material, as its components change from solid to liquid to gas, and back to solid. It is this phase change that allows us to reduce the temperature difference between the reactions. This is the key to what we believe will allow us to achieve near isothermal reactions for the continuous production of hydrogen from water.
Finally, we combine all these innovations to create ThermoLoop, a highly scalable thermochemical water-splitting system that we believe can produce the world’s cheapest green hydrogen.
Mr. Hill concluded, “ThermoLoop is agnostic to the sources of heat and water. If we simply couple ThermoLoop with any available source of heat and water, we can create an incredibly efficient, low-cost, clean and green hydrogen production machine – anywhere, anytime. What if heat is hard to get? No problem. Because the thermodynamics of heat systems are more efficient and scalable than electrolyzer systems, we believe we can convert electricity to heat to run ThermoLoop and still outperform electrolyzers.”
Watch a short explainer video that describes ThermoLoop technology – the electrolyzer killer at .
NewHydrogen is also hosting a webinar to reveal the secret to its breakthrough ThermoLoop technology. This webinar will occur after the close of the stock market on Monday, February 17 at 4:00 PM Eastern time. Please use this link to join the webinar:
For more information about NewHydrogen, please visit https://newhydrogen.com/.
delerious1
1月前
OTCMKTS:NEWH.....NewHydrogen CEO Steve Hill and University of Waterloo Expert Explore Integration of Hydrogen in Microgrids and Smart Grids
NEWH | 8 hours ago
Dr. Cañizares, a globally recognized expert in power system stability and renewable energy integration, highlighted the significant potential of hydrogen in remote communities and areas with high renewable energy variability
SANTA CLARITA, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced a podcast featuring CEO Steve Hill and Dr. Claudio A. Cañizares, University Professor and Hydro One Endowed Chair at the University of Waterloo.
Dr. Cañizares highlighted the significant potential of hydrogen, especially in remote communities and areas with high renewable energy variability. He said, “Microgrids, small, independent electricity grids have become increasingly crucial for resilience against climate change-related disruptions. In these smaller systems, hydrogen offers a compelling solution for energy storage, particularly for seasonal variations in renewable energy generation. For instance, in northern communities with long periods of winter darkness, hydrogen’s ability to store summer solar energy makes it a valuable asset.”
The conversation also touched upon smart grid integration. Dr. Cañizares defined smart grids as systems that incorporate intelligent control and protection strategies at the distribution level, enabling better management of electricity flow and demand. While acknowledging the economic challenges of competing with batteries in larger grid systems (batteries boast 90% efficiency compared to the current 40% efficiency of hydrogen systems, which includes electrolyzer and fuel cell), he emphasized hydrogen's unique suitability for long-term energy storage in isolated microgrids.
“The efficiency of hydrogen systems is a key factor,” said Dr. Cañizares. He noted that economics become more favorable when considering the broader context of integrated energy systems— ones that encompass electricity, transportation, and thermal systems. In such systems, hydrogen's versatility across various applications makes its use more economically viable.
Dr. Cañizares’ research underscores hydrogen’s pivotal role in a future focused on net-zero emissions. Its ability to store excess renewable energy and its applications beyond electricity generation – such as in chemical processes – position it as a valuable component of a flexible, resilient energy future.
Dr. Claudio Cañizares is a University Professor and Hydro One Endowed Chair in the electrical and computer engineering (ECE) department at the University of Waterloo, where he has held various academic and administrative positions since 1993. In 2021, he was appointed the Executive Director of the Waterloo Institute for Sustainable Energy (WISE). He received an electrical engineering degree from the Escuela Politécnica Nacional (EPN) in Quito, Ecuador in 1984, where he held different academic and administrative positions between 1983 and 1993, and his MSc (1988) and PhD (1991) degrees in electrical engineering from the University of Wisconsin-Madison. Dr. Cañizares’ research activities focus on the study of stability, control, optimization, modeling, simulation, and computational issues in bulk power systems, microgrids, and energy systems in the context of competitive energy markets and smart grids. He is the current Editor-In-Chief of the IEEE Transactions on Smart Grid, a Fellow of the Institute of Electrical & Electronic Engineering (IEEE), a Fellow of the Royal Society of Canada, a Fellow of the Canadian Academy of Engineering, and a Fellow of the Chinese Society for Electrical Engineering (CSEE)
Dr. Cañizares is listed as Google Scholar at https://scholar.google.ca/citations?user=NqIpnMkAAAAJ&hl=en.
Watch the full discussion on the NewHydrogen Podcast featuring Dr. Cañizares at
https://newhydrogen.com/videos/ceo-podcast/claudio-a-canizares-phd-university-of-waterloo.
Also, NewHydrogen will be hosting a webinar to reveal the secret to its breakthrough ThermoLoop technology. This webinar will occur after the close of the stock market on Monday, February 17 at 4:00 PM Eastern time. Please use this link to join the webinar:
For more information about NewHydrogen, please visit https://newhydrogen.com/.
About NewHydrogen, Inc.
NewHydrogen is developing ThermoLoop™ – a breakthrough technology that uses water and heat rather than electricity to produce the world’s lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can’t live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource.
Currently, the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity, and fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion.
delerious1
3月前
NEWS: NewHydrogen CEO Steve Hill and Rutgers University Expert Focus on Green Hydrogen as a Grassroots Solution for Global Energy Transition
Dr. Michael Shafer highlighted the unique advantages of on-site green hydrogen production, particularly in regions lacking reliable energy infrastructure
SANTA CLARITA, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop ™ , a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced a podcast featuring CEO Steve Hill and Dr. Michael Shafer, a Professor Emeritus of Political Science at Rutgers University and President of the Board of Directors at Warm Heart Worldwide, Inc.
Dr. Shafer and Mr. Hill discussed the potential of green hydrogen to revolutionize energy access and sustainability in underserved communities. Dr. Shafer, a seasoned social entrepreneur with decades of experience in sustainable development, highlighted the unique advantages of on-site green hydrogen production, particularly in regions lacking reliable energy infrastructure.
Dr. Shafer said, “Green hydrogen offers a significant improvement over existing reliance on fossil fuels, especially in areas like Malawi and Burundi where fuel is costly and distribution is a major challenge. The ability to produce green hydrogen locally eliminates the need for expensive and often unreliable tanker truck transport, ensuring consistent access to energy for transportation and other essential needs.” He noted that this readily available energy source would significantly impact daily life, improving mobility and economic opportunities for communities.
The conversation also touched upon the crucial roles of policy and public engagement in facilitating a successful transition to green hydrogen. Dr. Shafer stressed the need for strong governmental support and public awareness campaigns to educate communities about the benefits and applications of this technology. He drew parallels with his experience promoting biochar, highlighting the importance of grassroots initiatives in building demand and fostering adoption.
While acknowledging the current higher cost of green hydrogen compared to other renewable energy sources like electric vehicles, Dr. Shafer expressed optimism about future innovations that could drastically reduce its price. He noted that the current focus on electric vehicles may be overlooking the faster refueling potential of hydrogen, which could accelerate the transition in areas with limited grid infrastructure.
Dr. Shafer also emphasized the critical need to address atmospheric CO 2 levels. He advocated for combined strategies, emphasizing green hydrogen's role in halting further emissions as a vital first step towards a sustainable future. Shafer's experience working with communities in developing countries, coupled with his insights on policy and public engagement, provides a valuable perspective on how green hydrogen can be a catalyst for positive global change.
Dr. Michael Shafer (B.A. Yale, Ph.D. Harvard), Professor Emeritus of Political Science at Rutgers University and Founder of Warm heart Worldwide, is published widely in foreign policy and international political economy, and has taught at universities around the world. Dr. Shafer is a member of the Council on Foreign Relations and a 21st Century Fellow. With funding from, inter alia, the Department of State and European Union, he has managed higher education reform initiatives in the Baltic states, Central and Eastern Europe, and Lebanon. Dr. Shafer is the founder of Global PACT, an international community development and civic engagement training program. With funding from Ford, Open Society Institute, Prudential and the United States Institute of Peace, he ran Global PACT programs in Brazil, Cambodia, Croatia, South Africa and Thailand. Since 2008 he has devoted himself entirely to Warm Heart.
Watch the full discussion on the NewHydrogen Podcast featuring Dr. Michael Shafer at
https://newhydrogen.com/videos/ceo-podcast/michael-shafer-president-boar-of-directors-at-warm-heart-worldwide-inc .
For more information about NewHydrogen, please visit https://newhydrogen.com/ .
About NewHydrogen, Inc.
NewHydrogen is developing ThermoLoop ™ – a breakthrough technology that uses water and heat rather than electricity to produce the world’s lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can’t live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource.
Currently, the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity, and fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion.
delerious1
3月前
OTCMKTS:NEWH New Hydrogen CEO Steve Hill and University of Michigan Expert Discuss Energy Infrastructure Coordination and Data Security
Dr. Vladimir Dvorkin shares his experience in coordinating critical infrastructures such as power grid with data centers, safeguarding energy data privacy, and evolving role of AI
SANTA CLARITA, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop ™ , a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced a podcast featuring CEO Steve Hill and Dr. Vladimir Dvorkin, Assistant Professor of Electrical Engineering and Computer Science at the University of Michigan.
As for coordinating infrastructure like power grid and data centers, Dr. Dvorkin said, “Data centers are newly emerging pieces of infrastructure to have a huge impact on power grid. Electrical load can rapidly change due to sudden change of power drawn from AI processing requirements. Further, emission requirements at various locations may dictate which data centers should take the heavy load at a given time. It is fortunate that we can change training algorithms for AI loads to minimize the electricity consumption at data centers depending on what algorithms are being used. We can think of this as smoothing the load profile of disruptive electrical loads with minimum impact on performance since electricity availability is less dependent on locations than that of natural gas.”
On data security for public safety, Dr. Dvorkin said, “Data can be very proprietary and very sensitive since electric power system is a nationally critical infrastructure. We have some models of the grid, but the secrecy of certain information makes it difficult to manage. That is where modern technology of differential privacy and optimization kicks in. The technology allows us to synthesize actual power grids without disclosing too much information. It is a game of trade on how much information you want to reveal in order to fine-tune your trading strategy versus how much resilient system you want.
On the challenges of integrating AI with our critical infrastructure, Dr. Dvorkin said, “Data center owners like Google, Microsoft, Amazon need to know projected demand and how much power supply they will need in the long term. Recently the deal between Microsoft and Three Miles Power Plant is an example of this coordination so they anticipate demand and secure supply up to 20 years ahead. For a short term, Google talks to local power companies to accommodate peak load and smooth out data center profile during peak hours to minimize stress on the grid. Also, a power plant may suddenly lose power, and we need the flexibility to accommodate the loss of generation.”
Dr. Vladimir Dvorkin received a Ph.D. in Electrical Engineering from the Technical University of Denmark. He is currently an Assistant Professor in the Department of Electrical Engineering and Computer Science at the University of Michigan. Before joining University of Michigan, Dr. Vladimir was with the Laboratory for Information and Decision Systems (LIDS) and Energy Initiative of the Massachusetts Institute of Technology as a MSCA postdoctoral fellow. He leads the ?ptiML group, where they harness the power of optimization and machine learning to address the grand challenges of transitioning to digital and carbon-free power and energy systems. Dr. Dvorkin is listed as a Google Scholar at ? Vladimir Dvorkin - ?Google Scholar ?? .
Watch the full discussion on the NewHydrogen Podcast featuring Dr. Vladimir Dvorkin at
https://newhydrogen.com/videos/ceo-podcast/vladimir-dvorkin-university-of-michigan .
For more information about NewHydrogen, please visit https://newhydrogen.com/ .
About NewHydrogen, Inc.
NewHydrogen is developing ThermoLoop ™ – a breakthrough technology that uses water and heat rather than electricity to produce the world’s lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can’t live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource.
Currently, the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity, and fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion.
XenaLives
4月前
Wondering what the back story is here...
See replied to post:
The future is yours
BioSolar Announces $5.0 Million Registered Direct Offering
SANTA CLARITA, Calif. (April 5, 2021) – BioSolar, Inc. (OTC: BSRC), a developer of energy technologies, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase in a registered direct offering 125,000,000 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 125,000,000 shares of common stock. The combined purchase price for one share of common stock (or common stock equivalent in lieu thereof) and a warrant to purchase one share of common stock is $0.04. The warrants have an exercise price of $0.04 per share, will be immediately exercisable and will expire five years from the issuance date.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The gross proceeds from the offering are expected to be $5.0 million. The Company intends to use the net proceeds primarily to aggressively expand and accelerate the development of its electrolyzer technology to lower the cost of green hydrogen production, as well as for working capital and general corporate purposes. The offering is expected to close on or about April 7, 2021, subject to the satisfaction of customary closing conditions.
A shelf registration statement on Form S-3 (File No. 333-254336) relating to the registered direct offering of the securities described above was filed with the Securities and Exchange Commission (“SEC”) on March 16, 2021 and was declared effective on March 25, 2021. The offering of the securities is being made only by means of a prospectus supplement and accompanying prospectus that forms a part of the effective registration statement. Electronic copies of the final prospectus supplement and the accompanying prospectus will be filed with the SEC and may be obtained, when available, from H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, NY 10022, by calling (212) 856-5711 or by emailing placements@hcwco.com or at the SEC’s website at http://www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Company recently announced that is in the process of changing its corporate name to NewHydrogen, Inc. to better reflect its expanded focus on green hydrogen technologies.
Hot Features
プレミアム
登録して、同じ考えを持つ投資家と議論するためのアクティブなフォーラムで相互作用するためのアクティブなフォーラムに参加してください。
KOmani
3日前
TrendTrade2016
1月前
